Orange, CA 92867,128 E Katella AVE
Orange, CA 92867,128 E Katella AVE
Orange, CA 92867,128 E Katella AVE
9
$3,100,000
$3,450,000
10.1%
Est.Price: ?

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13,385 SqFt

128 E Katella AVE Orange, CA 92867

Est. payment /mo
SOLD DATE : 08/31/2022

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Key Details

Sold Price $3,100,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 13,385 sqft

Price per Sqft $231

MLS Listing ID PW22085358

Sold Date 08/31/22

HOA Y/N No

Year Built 1965

Lot Size 0.660 Acres

Acres 0.66

Property Sub-Type Office

Property Description

Owner/user (opportunity to occupy 57% or more of the building) or investor opportunity strategically located in the City of Orange. The City of Orange is an affluent Orange County Submarket that has ideal proximity to both residential and commercial density which ensures the property is busy during all times of the day, every day of the week.

This opportunity will yield an owner user the ability to occupy approximately 7,605 SF of 2nd floor office space (elevator served) or an investor to lease out the 2nd floor at a market rate to increase cashflow. The NeighborWorks of Orange County Multi Tenant Office Building offers multiple suites, multi story configurations and ample parking for all.

The 128 E Katella building is ideally located near the intersection of Katella Ave (30,000 vehicles per day) and Glassell St (21,000 vehicles per day) for a total of over 51,000 vehicles passing the intersection daily.

Traditional, linear configuration are conducive to high occupancy, optimal rents and low tenant improvement costs over the term of ownership keeping capital expenditures to a minimum.

The 128 E Katella building will be marketed free and clear of any existing financing, creating an opportunity to place creative financing tailored to an investor's or owner users desired hold period and risk profile to further enhance returns.

Location

State CA

County Orange

Area 72 - Orange & Garden Grove, E Of Harbor, N Of 22 F

Zoning Commercial Professional

Interior

Heating Central

Cooling Central Air

Laundry None

Building

Lot Description Lot 20000-39999 Sqft

Story 2

Water None

Others

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.5

SIGN ON PROPERTY 1

TERMS 1031 Exchange,Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Jon Davis

SHOW CONTACT PH 949-558-0302

SHOW INSTRUCTIONS DO NOT DISTURB TENANTS OR GO DIRECT. Contact Jon Davis (jon.davis@svn.com or 949-558-0302) for all questions. Submit offer on AIR PSA with proof of funds and pre-approval letter.

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CRMLS Plus
Listed by SVN / Vanguard
Bought with NONMEMBER MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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